Emerging/Diverse Managers
The state pension fund is considering a private markets emerging manager program and will issue an RFI as it looks to gather further insight into the process.
The fund concluded a recent RFP with three private equity commitments totaling $50 million.
The trustees failed to decide on commitments in a non-core real estate search after opposing motions that followed finalist interviews.
The retirement fund also disclosed commitments totaling roughly $1.5 billion in March.
The managing director will be responsible for emerging managers, durable capital and government excellence.
The acquisition of the global fixed-income emerging manager will strengthen Allspring’s presence, particularly in emerging markets.
The plan issued an RFP in December for a firm to manage a $350 million mandate.
The retirement fund disclosed commitments totaling $2.3 billion in the first quarter.
The foundation added investments with three diverse managers to help it surpass its goal of allocating half of its portfolio to diverse firms.
HBCUs have done the work of developing and producing leaders in the financial services and investment sectors in the face of funding cuts and other institutional barriers.
